Recent wildfires in California have instigated a palpable sense of fear and uncertainty that is heavily impacting the stock performance of Edison International, the parent company of Southern California Edison. On Wednesday alone, Edison’s shares plummeted by 10.2%, reflecting widespread investor concern. By the end of trading, the stock was down over 13% at its
Investing
Recently, the quantum computing sector encountered a notable decline as a result of remarks made by Nvidia CEO Jensen Huang during the company’s analyst day. Huang’s assessment painted a sobering picture for the industry, suggesting that practical and efficient quantum computers are still a long way from realization, potentially taking anywhere from 15 to 30
The year 2024 marked a monumental shift in the landscape of cryptocurrency investments, particularly for Bitcoin Exchange-Traded Funds (ETFs). After a remarkable debut that saw spot bitcoin funds attracting a staggering amount of investments, asset management firms are now exploring novel ways to integrate cryptocurrencies with derivative instruments. Among the latest developments is Calamos Investments’
As the U.S. financial landscape evolves, so do the opportunities and challenges that investors face. Following a dynamic year in 2024—largely bolstered by the surge of interest in artificial intelligence and rate cuts—2025 presents a more ambiguous outlook. Investors are navigating an environment laden with macroeconomic uncertainty, which may dampen sentiment in the coming months.
Warren Buffett’s Berkshire Hathaway is once again making headlines for its recent decision to divest significant portions of its stake in Bank of America (BofA). This move poses fundamental questions about the investment strategies employed by one of the most revered investors of our time. Since mid-July, Berkshire has sold over $7 billion worth of
In recent years, Exchange-Traded Funds (ETFs) have surged in popularity, captivating both investors and financial advisors alike. This shift towards ETFs over traditional mutual funds is a significant trend within the financial industry. A crucial aspect contributing to this transition is the inherent tax efficiency of ETFs. Unlike mutual funds, which can impose unexpected tax
The recent stock performance of the Trump Media & Technology Group (TMTG) underscores the complex relationship between political developments and market reactions. Following projections from NBC News indicating that former President Donald Trump was on course for electoral victory, TMTG shares experienced a notable surge, jumping approximately 16% shortly after Wall Street opened. This reinforces
On the morning following Donald Trump’s projected reelection, anxiety rippled through the solar energy market, prompting significant declines in various solar stocks. Investors braced for the ramifications of Trump’s potential second term, particularly regarding the future of the Inflation Reduction Act (IRA) — a pivotal legislative achievement of President Joe Biden’s administration. The IRA, designed
As 2023 unfolds, the financial landscape reveals a cacophony of opportunities and challenges for investors. The looming U.S. presidential election, relentless advancements in artificial intelligence, and the persistent high-interest rate environment create a volatile fabric of macroeconomic conditions. While forecasts for the new year hint at possible stabilization, investors are increasingly wary of potential disruptions,
For many years, Arthur Cashin embodied the spirit of the New York Stock Exchange (NYSE) and the broader financial world through his annual New Year’s poems. As the director of floor operations at UBS, Cashin delivered a poetic reflection each New Year’s Eve, encapsulating the highs and lows of the stock market, significant global events,